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    Question

    Under Schedule III, which of the following is classified

    under โ€˜Other Current Liabilitiesโ€™?
    A Trade Payables Correct Answer Incorrect Answer
    B Provision for Tax Correct Answer Incorrect Answer
    C Deferred Tax Liability Correct Answer Incorrect Answer
    D Current Maturity of Long-term Debt Correct Answer Incorrect Answer

    Solution

    Current maturities of long-term debt must be shown under โ€œOther Current Liabilitiesโ€.

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